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O2B Kids! | Royal Palm Beach | 20 YR ABS NNN 1013 Sr-7 8,840 SF Retail Building West Palm Beach, FL 33411 $4,633,300 ($524.13/SF) 6.75% Cap Rate
Investment Highlights
- LONG TERM PASSIVE NNN OPPORTUNITY: New 20-year extension with zero landlord responsibilities
- STRONG STABLE EARLY EDUCATION TENANCY: O2B Kids is a proven and expanding industry leader in early education, with 83 locations nationwide
- ACCREDITED LOCATION: The center holds APPLE accreditation and is recognized by national bodies such as NAC and NECPA
- RENTAL ESCALATIONS: Annual scheduled increases of 2.5%
- RECESSION-RESISTANT INDUSTRY: Steady enrollment through economic cycles, with a growing demand from rising number of dual-income households
- PRIME ROYAL PALM BEACH LOCATION: Strategically situated on US-441, with extremely high average household incomes (over $134,000 in a 1-mile radius)
Executive Summary
This offering presents a qualified buyer with the chance to acquire a long-term, passive NNN investment opportunity in an income tax-free state. O2B just signed a brand new 20-Yr Absolute NNN lease, and features built-in annual rental escalations, ensuring consistent income growth. The tenant, O2B Kids, is a fast growing, industry leading early education provider with 83 locations nationwide. The center is fully accredited, holding APPLE, NAC, and NECPA recognitions, further underscoring its quality and credibility. Strategically located in Royal Palm Beach, right off US-441, the property serves its affluent surrounding neighborhoods with average household incomes exceeding $134,000 within one mile from the subject site.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
8,840 SF
Building Class
C
Year Built
2001
Price
$4,633,300
Price Per SF
$524.13
Cap Rate
6.75%
NOI
$312,748
Tenancy
Single
Building Height
1 Story
Building FAR
0.86
Lot Size
0.24 AC
Zoning
CG
Parking
35 Spaces (3.76 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Tenant Controlled HVAC
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- O2B Kids Preschool
- Educational Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| O2B Kids Preschool | Educational Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 72-41-43-25-22-000-0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,040,132 |
Property Taxes
Parcel Number
72-41-43-25-22-000-0020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,040,132
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O2B Kids! | Royal Palm Beach | 20 YR ABS NNN | 1013 Sr-7
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